24/7 Blockchain industry dynamics and breaking crypto news
The second phase of Solana's SIMD-0437 proposal is now live, reducing account storage rent per byte by approximately 27%. Users can now reclaim excess SOL above the rent-exempt minimum without closing accounts.
Read MoreFormer President Trump stated that winning the AI race equates to winning the future. He advocated for implementing safeguards while cautioning against overly negative perspectives, emphasizing a balanced approach to regulation and innovation.
Read MoreWhite House economic advisor Hassett advocates caution on interest rate hikes based on inflation data, while President Trump previously called for maintaining globally low rates. This highlights differing views within US policymaking circles regarding monetary policy direction.
Read MoreFormer President Trump outlined key policy stances, advocating for the world's lowest interest rates, promising post-election subsidies, and commenting on international issues including Iran, Ukraine, and Ireland, signaling potential shifts in economic and foreign policy approaches.
Read MoreBTC miner Jiang Zhuo'er identifies $76,500 as a critical support level. A break below could trigger accelerated decline. He outlines two potential scenarios, with next week's regulatory vote and Fed news seen as key catalysts.
Read MoreAnalyst Garrett Jin warns Bitcoin bulls are in a precarious position. Prolonged consolidation around $76,500 risks breaking support. Bitcoin must reclaim and hold above $78,300 to avoid further downside and signal strength.
Read MoreSouth Korea's Digital Asset Basic Law faces a critical end-of-month deadline for government submission, with potential delays pushing final passage to the first half of 2024. Concurrent discussions involve amending the Capital Markets Act and postponing the virtual asset tax implementation schedule.
Read MoreMultiple major crypto projects including LayerZero and Arbitrum are scheduled for significant token unlocks next week, releasing tens of millions in dollar value. These events could create selling pressure and test market liquidity as new tokens enter circulation.
Read MoreSouth Korea plans to hold video talks with the U.S. this week to finalize details of its $350 billion investment commitment. The industry minister confirmed a $200 billion strategic investment cap is agreed, but some issues remain unresolved.
Read MoreCalls to slow AI development have sparked concerns over chip and supply chain stocks. However, analysts believe strong, sustained demand for computing power, chips, and energy will outweigh short-term fears, keeping the industry's long-term growth trajectory intact.
Read MoreIran's Foreign Minister announced that details of a newly agreed maritime passage through the Hormuz Strait, jointly planned with Oman, will be presented to regional stakeholders. He clarified that full reopening of the strait remains conditional on the US honoring its commitments under the Islamabad Memorandum, marking a significant strategic move.
Read MoreAnthropic's CEO Dario Amodei urges a global slowdown in AI development, prioritizing safety frameworks over unchecked advancement. He warns that rapid progress outpaces safeguards, necessitating deliberate pacing.
Read MoreOn-chain data reveals a wallet linked to the LSK project deposited 3.29 million LSK tokens (worth ~$3.79M) to Binance following an initial price drop. Shortly after, LSK's price experienced a second sharp decline from $1.22 to $0.70 before recovering to $1.17, raising questions about the transaction's market impact.
Read MoreBitcoin held on major exchanges has surged to 693K BTC, the highest level in nearly two years. One platform alone holds 30% of the total supply, adding over 77K BTC since April. This signals potential supply pressure and its implications for Bitcoin's price trajectory.
Read MoreCathie Wood publicly supported David Sacks' claim that recent 'AI extinction' warnings may be orchestrated. She questioned the suspicious origin of the narrative and emphasized the need for balanced discourse on technological risks, framing problem identification as vital to solution-building.
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